Insurance questions linger as ridesharing start date nears

June 19, 2017 07:25 AM

Lawmakers said ridesharing insurance confusion will clear before launch date.

The launch date of ridesharing is slowly creeping up, soon you’ll be able to catch an Uber or Lyft in upstate. We told you first that most insurance companies in the state won't cover Uber and Lyft drivers. That means if you get in an accident, your insurance company could refuse to cover the damages. 

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It’s a confusing topic, but lawmakers say they have no doubt it’ll be cleared up before the launch date.

Uber and Lyft are both required to have their own insurance policies with at least a million dollars of coverage.

Reps from Uber and Lyft say their coverage begins when you turn on the app and would cover any damages your personal insurance company won't.

That leaves a bit of a gray area, what happens if the app isn't on at the time of the crash and what if Uber and Lyft's policies alone won't cover the damages?

Senator Michael Ranzenhofer was very involved in getting ridesharing upstate, he says he has no doubt it will run smoothly here, just like it has in other states.

“I do know that they have ridesharing across the country and they do have insurance coverage there,” Ranzenhofer said. “I imagine whatever they do in other parts of the country that has worked very well they will adopt that in New York State.”

Senator Ranzenhofer says the New York State Department of Financial Services regulates insurance coverage. We reached out to that department and haven't heard back.

With ridesharing just ten days away, if you plan to drive for Uber or Lyft it's worth a call to your insurance company to find out whether you'll be covered.


Kaci Jones

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